The PACT Partner Team
Essence Development and Related Companies are uniquely qualified to partner with the Fulton and Elliott-Chelsea community, NYCHA leadership, and local stakeholders to lead a resident-focused redevelopment.
Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed over 50 years ago, Related started as an affordable housing developer and has since grown into one of the largest developers and preservationists of affordable and workforce housing across the U.S. A fully- integrated, highly diversified industry leader, Related has experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related also has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, Austin, South Florida, Washington, D.C., and London, and boasts a team of approximately 4,000 professionals. Today, Related proudly owns, operates, and manages more than 61,000 affordable and workforce housing apartments, continuing its tradition of building brighter futures for all.
Essence Development is a certified Minority Business Enterprise (MBE) social impact development firm, led by a highly experienced developer of affordable and workforce housing. The firm is dedicated to creating thriving communities through active community engagement, sustainable design, and diverse teams that genuinely reflect the neighborhoods they serve. Essence begins with a scalable model that leverages the team’s years of experience with federal, state, and local programs to create and preserve affordable housing in urban cities throughout the country. One of the visions for the firm is to combine government programs with private sector resources to build and preserve communities and unlock tremendous value. The model focuses on several high-impact areas to achieve this goal: Workforce Training & Income Mobility, Affordable Healthcare, Quality Education, Healthy Grocers, Quality Sustainable Housing, Broadband Connectivity. Essence Development was founded on the idea that providing top-quality living, while offering social, economic, and healthy living opportunities is fundamental to creating real change.
